Khaitan Chemicals & Fertilizers Hits New 52-Week High Amid Strong Buying Momentum

Khaitan Chemicals & Fertilizers Ltd is witnessing remarkable buying activity, with the stock gaining 5.00% today, significantly outperforming the Sensex, which rose by only 0.38%. Over the past week, Khaitan Chemicals has surged by 21.64%, while the Sensex remained nearly flat at -0.03%. This trend continues with a robust monthly performance of 22.54% compared to the Sensex's 3.71%.
The stock has been on a winning streak, marking consecutive gains for the last seven days, accumulating a total return of 23.66% during this period. Today, it opened with a gap up of 5% and reached an intraday high of Rs. 103.13, establishing a new 52-week high.

Khaitan Chemicals is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. The stock's performance over various time frames highlights its resilience and growth, with a staggering 751.61% increase over the past five years, compared to the Sensex's 132.44%. This consistent upward trajectory suggests a solid market position within the fertilizers sector, contributing to the current buying pressure.